Although the Christmas decorations have only just been put away for another year, many families’ attentions have already turned to booking a holiday. Indeed, some used the Christmas and New Year break to snap up early summer bargains. But when is the best time to buy your holiday currency? Should you buy now or wait in the hope of the pound strengthening? Don’t let currency rates ruin your skiing holiday and never change cash at the airport Ian Strafford-Taylor is chief executive of international money specialist Equals (previously known as FairFX). He says: ‘Having risen to 1.19 against the euro where it remained for several days following the General Election in December, the pound has dropped and then risen again to 1.18, showing that travellers need to remain braced against further turbulence when it comes to currency this year. ‘The Brexit landscape continues to leave the pound vulnerable. Although Brexit remains top of the political agenda and the Prime Minister is confident of leaving the European Union by the end of this month, the pound is likely to continue to fluctuate in value.’ RELATED ARTICLES Previous 1 2 Next THE BIG SPRING CLEAN: We’ve got 2020 vision for money …our… How… Read full this story
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